Super Saturday Results in $15m Homes Sold Under the Hammer

It was a cracker of a weekend for Savills as more than $15 million of residential property sold at auction.

The first auction of the day yielded an astonishing result and sold well above the reserve.

Located at 10 Bertram Street, Chatswood, the three bedroom 1960s yellow brick home on 418 square metres of prime level land, sold for $2.720 million.

Selling agent Thomas Skelly noted that there is huge pent up demand for properties in Chatswood and when one comes to the market, we are seeing phenomenal results.

Craig Marshall, Director of Savills Cordeau Marshall said that the results on Saturday reflected the significant demand for property.

“With seven auctions, Saturday was a big day for our team. With more than $15 million worth of property sold on the day, all homes sold above, and in some instances far exceeded, the reserves,” said Mr Marshall.

Later that day Stephanie Hearne of Savills Cordeau Marshall sold 149 Archer Street in Roseville for $2.3 million.

“It was like winning the lottery for the owner when her three bedroom home of 30 years went to auction on Saturday. More than 150 groups inspected the property, 35 contracts were issued and 13 bidders registered to bid at the auction,” said Mrs Hearne.

Selling for over the reserve, the house was purchased by an overseas buyer who plans on renovating and living in the property.